Tag: Federal Reserve

In a speech to the National Association for Business Economics, Federal Reserve Chairman Janet Yellen admitted that she and her Fed colleagues don’t understand inflation or what causes it. Maybe she should read Personal Liberty™.

The process that the Federal Reserve has undertaken has been a long and arduous one cloaked in disinformation. It is a process of dismantlement. Through unprecedented stimulus measures, the central bank has conjured perhaps the largest stock and bond bubbles in history, not to mention a bubble to end all bubbles in the US dollar.

Though stock markets in general are meaningless and indicate nothing in terms of the health of the economy, they still function as a kind of Pavlovian mechanism; a tool that central bankers can use to keep a population servile and salivating at the ring of a bell.

I have written on the subject of the Federal Reserve’s deliberate sabotage of the U.S. economy many times in the past. In fact, I even once referred to the Fed as an “economic suicide bomber.” I still believe the label fits perfectly, and the Fed’s recent actions I think directly confirm my accusations.

Debt is real to you and me. Unlike the Federal government, we have to give real value to get dollars. But Federal government “accounting” is a myth. When the government imposes its imaginary dollars on the American people, it does so with numbers. The numbers symbolize imaginary dollars leading people to believe that they are real, that they have value and are a store of wealth. These beliefs are called confidence. But there can be no debt when the source is infinite.

The Federal Reserve has an inflation target of 2% per year. That target appears to be a minimum: They are concerned when inflation falls below their target but appear to be content with inflation above 2%. The current inflation rate from March 2016 to March 2017, measured by the Consumer Price Index, is 2.4%….Read More »